Turning goals into results the power of catalytic mechanisms pdf 2026

The document discusses the concept of 'catalytic mechanisms' as a powerful managerial tool that helps organizations transform ambitious goals, known as BHAGs (Big Hairy Audacious Goals), into tangible results. Jim Collins argues that traditional bureaucratic methods often hinder progress, while catalytic mechanisms enable unpredictable and innovative outcomes by distributing power and responsibility throughout the organization. The article provides examples, such as Granite Rock's 'short pay' policy and 3M's '15% rule', illustrating how these mechanisms can lead to significant improvements in performance and customer satisfaction. Ultimately, Collins emphasizes the importance of creating unique catalytic mechanisms tailored to an organization's specific needs to achieve sustained excellence.